Information for the Current Month for the Polishing Department Is

question 91

Multiple Choice

Information for the current month for the Polishing Department is shown below. $$\begin{array} { l r r } & \text { Direct Materials}& \text { Conversion Cost } \\\text { Beginning work in process inventory } & \$ 8,100 & \$ 10,525 \\\text { Current month's costs } & \$ 31,240 & \$ 56,240 \\\text { Equivalent units based on the FIFO costing } & 7,000 & 74,000 \\\text { method } & & \\& & \\\text { Units completed ?69,000 } & & \\\text { Units in ending work in process inventory }- 66,000 & &\end{array}$$
Direct materials are added at the beginning of the process.Beginning work in process is 30 percent complete as to conversion costs; ending work in process inventory is 80 percent complete.Determine the cost of ending work in process inventory.

• A) $7,200
• B) $3,552
• C) $5,760
• D) $6,288

Recognize the conditions under which manufacturers and sellers are strictly liable for damages.

Identify the elements required for an action based on strict product liability.

Understand the concept of direct and indirect competition within markets.

Recognize the importance of analyzing cultural fit and overcoming consumer ethnocentrism for global market value creation.

---

Definitions:

Guidance

The process of offering advice, support, or direction to individuals to aid in decision-making or problem-solving.

DeLoache

A researcher known for studies in cognitive development in children, especially in understanding symbols.

Indicated

Suggested as necessary or appropriate; denoted or signaled.

Hidden

Concealed, not visible or apparent.